The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster.
But they don’t have the luxury of being able to turn their backs on the $155,000 debt.
“We have to pay for our materials,” said Mrs Halilagic who, with her husband, runs a rendering business based in Sydenham.
“We have people working for us that we have to pay every week.
“I can’t tell them that ‘we can’t pay you because other people have gone bankrupt’.”
Close to 1000 creditors now claim to be owed up to $30 million by businesses associated with Watersun.
It comes after a second collapse that saw Watersun Construction, the commercial arm of the Victorian home builder, recently placed into administration o…
Read the full article at: http://www.standard.net.au/story/4659752/string-of-bankruptcies-likely-to-follow-after-watersun-homes-hit-the-wall/?cs=7